Binance Chain Casino Sites
This guide takes you through the advantages that of using the Binance blockchain at online casinos in 2022.
- Binance Chain Casino Sites
- Pros and Cons of Binance Casinos
- Advantages of Binance Gambling Sites
- Disadvantages of Binance Gambling Sites
- Binance Casino Bonuses
- Referral Codes
- Binance Casino Games
- Binance Chain Casino Sites FAQs
Binance Chain Casino Sites
The Binance Smart Chain (BSC) is a relatively new blockchain network that is beginning to gain some serious traction. Created by the Binance currency exchange, the Binance blockchain is already rivalling the likes of Ethereum and EOS.
Users have even taken the Binance Coin (BNB) to third place in the market, just behind Ethereum. The blockchain works on smart contracts, decentralised applications, and decentralised finance (DeFi) protocols and is more scalable than Ethereum - offering faster transactions and fewer fees.
Whereas Ethereum works on Proof of Work (PoW), the Binance Smart Chain blockchain relies on a delegated Proof of Stake (dPoS) algorithm. Although it is arguably more centralised than Ethereum,
Unsurprisingly, online crypto casinos have begun to accept BNB alongside other crypto coins. Some online casinos are also Binance smart chain casinos. Although there’s not a huge choice compared to other crypto casinos, it can be difficult to find the best Binance chain casino for you, so we’ve done the legwork for you.
Pros and Cons of Binance Casinos
As with any currency or payment system, there are pros and cons to playing at Binance smart chain casinos.
Advantages of Binance Gambling Sites
- Smaller fees - the BSC has smaller fees than Ethereum and other blockchain solutions. You do not have to pay a large fee every time you execute a smart contract. This has become a problem for Ethereum and could see more online casinos switch to BNB.
- It is also faster - transactions on the BSC are completed in seconds, meaning you can enjoy playing and placing bets without lots of long interruptions.
- The BSC blockchain is relatively uncongested (at the time of writing). Despite its growing popularity, the dApps released have not yet congested the network in the way that they do on Ethereum. It’s important to note that this could change as BSC becomes more widely used. Congestion directly affects the speed of transactions and, by extension, the processing fees.
- Anonymity/privacy - As with other decentralised networks, the BSC network does not require online casinos to carry out know-your-customer (KYC) checks.
- Last but not least, games on the BSC network are provably fair, giving you a safer, more enjoyable playing experience.
Disadvantages of Binance Gambling Sites
- The reliance on smart contracts could be exploited. Since smart contracts are programs that only get executed if certain conditions are met, there is always the possibility of the contract being exploited. If that happened, you could lose your money.
- Although BSC is cheaper than Ethereum at the time of writing, it is not free. There are still transaction fees to execute the contracts. It may only be a few cents if the network is not congested. However, if congestion starts to occur more frequently as the BSC network becomes more popular, the fees may well increase.
- Not many online casinos run on the Binance Chain network. This means that you may have to search harder for a reputable Binance chain casino.
- A smaller variety of games is available - Once you find a reputable online casino that runs on the Binance Smart Chain Network, you should be prepared for a much smaller variety of games.
- As yet, it is un ‘stress tested’ - This means that with only a relatively small number of people using the network, it is hard to predict transaction times and fees if and when it becomes more mainstream.
- The BNB coin is quite volatile, making it probably not the best choice for those new to the crypto market.
Binance Casino Bonuses
Rakeback
Rakeback is a common bonus at online crypto casinos. It means you will get back a certain amount of coins every time you place a bet, usually a percentage of the house edge or the rake.
First Deposit Match
The vast majority of online casinos will offer new customers an introductory offer, and Binance casinos are no exception. When you sign up, you will need to deposit a minimum amount in order to receive a deposit match eg Deposit at least 10 BNB get a 100% match up to 1000 BNB.
No Deposit
Occasionally Binance casinos will offer you a sign-up bonus without requiring you to make a deposit. This may be part of a larger welcome package spanning your first few deposits. For example, gain 5 BNB when you join and a 100% deposit match on your first deposit.
Free Spins
Free spins are a less common bonus at Binance smart chain casinos, however, you may still find promotional offers granting free spins for specific games.
Referral Codes
Binance casinos may also provide referral codes, which you can redeem for a bonus, such as a free bet or bonus funds. These will usually be found on an affiliate site.
Binance Casino Games
Although there is likely to be less variety of games at a Binance Smart Chain casino, that doesn’t mean you’ll be bored. Defending on the casino you are playing at, most gaming dApps on top of BSC will offer at least an assortment of the following:
- Roulette
- CoinFlip
- Barbell Roll
- Dice It
- Treasure Chest
Casinos may also offer more games, including slots, keno, lotteries, Sic-Bo, table games including Baccarat and casino poker, crash games such as Plinko and Crash and live dealer tables that you can play using the Binance coin (BNB).
Binance Chain Casino Sites FAQs
Are Binance Chain Casinos Safe?
As with all online casinos, some Binance chain sites will be reputable, and others will be unlicensed and unsafe. You should always check that the online casino you are visiting has a gambling licence as a matter of course. Sites operating without a licence offer a much higher risk should any issues arise.
What is the Best Binance Chain Casino?
The best Binance chain casino for you will always depend on your specific requirements. Each online casino will offer different games, bonuses and other features. It is all down to personal preference.
